Which of the following is NOT a deficit item on the international accounts balance sheet for a country?
A. imports of merchandise
B. purchases of foreign currency
C. exports of merchandise
D. military spending abroad
Answer: C
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Why might spending on basic literacy for girls have a social return that exceeds the private return?
What will be an ideal response?
If the expected inflation rate was 2.5%, the expected real interest rate was 4.0%, and the real interest rate turned out to be 5.1%, then the nominal interest rate equals
A) 1.4%. B) 1.5%. C) 2.6%. D) 6.5%.
When PAE < Y the economic response should be:
A. eventually production will decrease. B. eventually production will increase. C. there will be no change in aggregate production. D. the government will intervene by cutting down on taxes.
Refer to Figure 6-6. When the price ceiling applies in this market, and the supply curve for gasoline shifts from S1 to S2, the resulting quantity of gasoline that is bought and sold is
A. less than Q3.
B. Q3.
C. between Q1 and Q3.
D. at least Q1.